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Research On The Governance Mechanism Of Chinese Insurance Companies

Posted on:2015-11-06Degree:MasterType:Thesis
Country:ChinaCandidate:H WangFull Text:PDF
GTID:2309330434451791Subject:Insurance
Abstract/Summary:PDF Full Text Request
As one of the pillars of the financial industry, the insurance industry can not only promote the rapid development of China’s economy, but also can improve the quality of our people’s life, and promote social harmony and stability. Especially in recent years, with the rapid development of China’s economy, the effect of the insurance industry is more and more obvious. But faced with the rhythm of the rapid development of China’s insurance industry, a lot of phenomena of damaging insurance consumers’ interests appeared in the insurance market, which restricted the development of the insurance industry and made the insurance industry in less effect on stability of people’s life. Based on the perspective of protection of policy holders, this paper studies China’s insurance company governance mechanism that is suitable for the situation of China so as to protect the interests of policy holders and promote the healthy development of the insurance.Based on related theories of domestic and foreign corporate governance and the policyholder interest protection, through quantitative analysis and qualitative analysis, the empirical analysis and game analysis, case analysis and comparative analysis, this paper tries to construct the insurance corporate governance framework of the ’Sihui’ and the internal and external representation mechanism which is attached to the protection of policyholders’ interests, in order to further improve the governance mechanism of China’s insurance company.There are six sections in this paper, as follows:The introduction, this part is about the research background and significance, literature review, thesis research framework and research methods and the research paper’s main innovation points and deficiencies, etc.The first chapter, this part discusses the theory of corporate governance and protecting policy holders’rights and interests, fully illustrates the importance of the policyholder interests protection, expounds that the research trends of insurance company governance theory and protection theory of policy holders to benefit is inseparable. The second chapter, this part draws on research theory of corporate governance index of Nankai University, calculates the governance index of the listed insurance company of China, evaluating the governance of the listed insurance company of China, and uses the empirical method to test the relationship between the listed Chinese insurance company governance index and the solvency, which illustrates the effect of China insurance company governance-the relationship between insurance company governance index and solvency is a positive correlation relationship, which suggests the ascension of the insurance company management level can have the effect of improving the insurance company solvency and protect the interests of policy holders.The third chapter, this part uses the method of game, based on the corporate governance theory of principal-agent, to respectively analysis the traditional single shareholder governance game model and stakeholder co-governance game model of modern corporate governance. Through the research of game, this chapter has formed some important theories, which provide a theoretical support for the policy holders to participate in the management of insurance companies and insurance regulatory supervision.The fourth chapter, this part compares the policy holders benefit protection systems of the foreign insurance company, which provide beneficial enlightenment and reference about construction of the policy holders benefit protection system in our countryThe fifth chapter, this part, based on the perspective of benefit protection of policy holders, proposes to consummates related laws and regulations of our country insurance industry and enact the special laws and regulations system of protecting the policy holder as soon as possible. And try to build the insurance company governance structure of china’s insurance company, namely forming the insurance company governance structure of the four committee, and try to establish the insurance company internal and external complaint mechanism, to form a reasonable system of the insurance company governance mechanism to protect the interests of policy holders.In this paper, the main innovation:Firstly, the paper uses the insurance company governance index which is to show insurance company governance to examine the governance effect of insurance companies. The conclusion shows that the improvement of insurance companies can protect interests of policy holders. Secondly, this paper uses the analysis method of the game to study the unilateral governance game model of insurance company’s shareholders, and the common governance game models of insurance company’s shareholders and policy holders, insurance regulators, and construct the objective function of the various games, and also solve the balanced conclusions of the various games.Thirdly, this paper constructs the framework of policy holders to participate in corporate governance mechanism, and forms insurance company governance framework for shareholders and bondholders to participate in. In addition, in order to protect the interests of policy holders, from the insurance company internal governance mechanism and external supervision mechanism two aspects, this paper proposes the internal and external complaints mechanism, so that to protect the interests of policy holders and improve the sustainable development of insurance.
Keywords/Search Tags:insurance company, governance mechanism, policy holder, gamemodel
PDF Full Text Request
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